Lietuvos Elektrine AB - Notification on material event

Concerning the agenda and proposed resolutions of the ordinary general shareholders meeting of the company LIETUVOS ELEKTRINE

Elektrenai, Lithuania, LIETUVOS ELEKTRINE AB, 2011-04-08 12:57 CEST (GLOBE
NEWSWIRE) -- 

On the initiative and resolution of the Board of Directors of joint-stock
company LIETUVOS ELEKTRINĖ (company registration number 110870933, legal
address Elektrinės g. 21, Elektrėnai), the ordinary general meeting of the
shareholders of joint-stock company LIETUVOS ELEKTRINĖ (hereinafter-the
Company) is convened on 29 April  2011. 

The shareholders meeting will take place at Elektrinės g. 21, Elektrėnai,
Republic of Lithuania. The meeting starts at 8.00 AM 29 April 2011. The
registration of shareholders starts at 7.30 AM 29 April  2011. The registration
of shareholders ends at 7.55 AM 29 April 2011 

The shareholders record date of the ordinary general shareholders meeting is 21
April  2011. Only the persons who are the shareholders of the Company at the
end of the shareholders record day of the ordinary general shareholders meeting
shall be allowed to participate and vote in the ordinary general shareholders
meeting. 

The rights record date of the ordinary general shareholders meeting is May 13, 
2011. The property rights of the shareholders established in Clauses 1-4 of
Paragraph 1 of Article 15 of the Law on Companies of the Republic of Lithuania
shall be held by the persons, who are the shareholders of the Company at the
end of the rights record day of meeting. 
Company meeting agenda and proposed draft resolutions:



1. Presentation of the Annual Report of joint-stock company LIETUVOS ELEKTRINĖ.<i style="mso-bidi-font-style: normal"><i style="mso-bidi-font-style: normal">Proposed draft resolution:<b style="mso-bidi-font-weight: normal"><i style="mso-bidi-font-style: normal">“1. Approve the Annual Report for 2010
of joint-stock company LIETUVOS ELEKTRINĖ.” <i style="mso-bidi-font-style: normal">

2. Presentation of the Independent Auditor's Report concerning the Financial
Statements for 2010 of joint-stock company LIETUVOS ELEKTRINĖ. <i style="mso-bidi-font-style: normal"><i style="mso-bidi-font-style: normal">Proposed draft resolution:<i style="mso-bidi-font-style: normal"><i style="mso-bidi-font-style: normal">“2. The resolution on this item of the
agenda is not adopted.” 



3. Approval of the Financial Statements for 2010 of joint-stock company
LIETUVOS ELEKTRINĖ. <i style="mso-bidi-font-style: normal"><i style="mso-bidi-font-style: normal">Proposed draft resolution:<i style="mso-bidi-font-style: normal"><i style="mso-bidi-font-style: normal">“3. Approve the Financial Statements of
joint-stock company LIETUVOS ELEKTRINĖ for the financial year ended on 31
December 2010 audited by the Auditor PricewaterhouseCoopers, UAB.” <i style="mso-bidi-font-style: normal">

4. Distribution of profit (loss) of joint-stock company LIETUVOS ELEKTRINĖ of
2010. <i style="mso-bidi-font-style: normal"><i style="mso-bidi-font-style: normal">Proposed draft resolution:<i style="mso-bidi-font-style: normal"><i style="mso-bidi-font-style: normal">“4. Approve the distribution of profit
of joint-stock company LIETUVOS ELEKTRINĖ for the year ended on 31 December
2010.” <i style="mso-bidi-font-style: normal">



All information required by the legislation and related to the convened
ordinary general shareholders meeting and the annexes to the discussed items in
the meeting agenda are published at the Company website
http://www.lelektrine.lt. 

 The shareholder or his/her authorised representative shall have the right to
vote in writing by filling the general ballot paper. Upon the written request
of the shareholder or his/her duly authorised representative entitled to vote,
the Company shall prepare and send the general ballot paper by registered mail
or deliver it against signature no later than 10 days before the ordinary
general shareholders meeting. General ballot paper is also available in the
Company's website at http://www.lelektrine.lt. Filled and signed general ballot
paper and the document confirming the voting right can be sent to the Company
by registered mail or delivered at Elektrinės g. 21, Elektrėnai, no later than
the end of the business day (4.30 PM) of 28 April  2011. 

The Company retains the right not to recognize the advance vote of the
shareholder or his/her authorised representative, if his/her submitted general
ballot paper does not meet the requirements of Paragraphs 3 and 4 of Article 30
of the Law on Companies of the Republic of Lithuania, was received late or is
filled so that the true will of the shareholder on an individual matter cannot
be determined. 

The persons are entitled to vote under a Power of Attorney in the ordinary
general shareholders meeting. The Power of Attorney shall be a written document
issued by one person (constituent) to another person (representative) to
represent the constituent in establishing and maintaining the relations with
third parties. The Power of Attorney to perform actions related to legal
persons on behalf of a natural person must be certified by the Notary, except
for the cases provided by the law, when a different form of authorisation can
be granted. The authorised representatives must have an identity document and
the Power of Attorney confirmed in the procedure established by the law, which
must be presented no later than the end of registration of shareholders of
ordinary general shareholders meeting. The authorised representative shall have
the same rights in the general shareholders meeting as the represented
shareholder. 

The shareholders entitled to participate in the ordinary general shareholders
meeting shall have the right to authorise by electronic means of communication
a natural or legal person to participate and vote on their behalf in the
ordinary general shareholders meeting. Such Power of Attorney shall not be
certified by the Notary. The Company shall recognize the Power of Attorney
granted by electronic means of communication only if it is signed by the
shareholder's e-signature, created using secure signing software and having the
qualification certificate valid in the Republic of Lithuania, i.e. if the
security of transmitted information is ensured and the shareholder can be
identified. The shareholder must notify the Company in writing about granting
such Power of Attorney by electronic means of communication by sending it via
e-mail at info@lelektrine.lt no later than the end of the business day (4.30
PM) of 28 April 2011. 

The ordinary general shareholders meeting cannot be attended and the vote
cannot be cast by electronic means of communication. 

Andrius Zaveckas      Jurist

tel: 8 528 33440